ICON Foundation Signs MOU for with SK Planet for Cooperation in Blockchain Business

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All the leading blockchain projects have on thing in common today which is that they are getting into strong partnerships with leading companies in a variety of industries to implement and test blockchains in those businesses. In one such attempt, the ICON foundation has got into partnership with SK Planet and has signed an MOU for ‘Blockchain Technology and Business Cooperation

Partnership to work together to create new customer values and business opportunities

The ICON Foundation and SK Planet plan to work together to create new customer values and business opportunities by linking ICON’s blockchain technology with Korea’s leading mobile services, such as OK Cashbag and Syrup provided by SK Planet. Through this process, both the companies plan to transform the digital marketing framework for existing brands and develop a mid-term and long-term roadmap to enhance the customer experience in both online and offline areas

Not just this, the partnership also plans to do good to the community. The ICON team will work with SK Planet to support small and medium-sized enterprises (SMEs) to vitalize the local economy as both plants to foster a healthy blockchain industry through support of blockchain developers and cooperation with academia.

J.H. Kim, the council member of ICON Foundation said,

“Through cooperation with SK Planet, which has OK Cashbag and Syrup services already being widely used by the public, ICON will keep up the hard work to popularize blockchain.”    

While for the Head of Marketing Platform division at SK Planet JM Park said

“Blockchain appears to be one of the key technologies that will promote market transformation in existing industry for the medium and long-term” “SK Planet will work with ICON to derive synergies in various fields so that we can offer differentiated benefits to our customers.”

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Also, read: Bitcoin Bulls Going Strong Meanwhile IOTA, ICON, & VeChain Driving the Market by Horns

ICON Foundation too taking the partnership route to growth

In recent times ICON foundation has got into some excellent partnerships which are helping them enhance their business opportunities and bring blockchain to real-life business. Last month  ICON Foundation and CertiK announced a strategic partnership with a smart contract auditing firm with a patented technique to automate formal verification of smart contracts.

In June 2018, ICON signed a strategic partnership with the Bodhi Foundation, a decentralized prediction market platform that is native to the Qtum blockchain. ICON and Bodhi got into the partnership to work together to enhance Bodhi’s prediction platform through interconnecting with other blockchains in the ICON network.

In May 2018 ICON joined hands with another giant  LINE PLUS, a global social platform with over 200 million monthly average users(MAU) worldwide and co-founded  ‘Unchain’ to build LINE’s blockchain network. The aim of Unchain was to develop various DApp services while building synergies with ICON to expand the blockchain ecosystem.

Leading projects have shown that partnership is the way to expand their blockchains and bring it to real-world use. And ICON foundation has left no stone unturned to get the best of partners and enrich the project.

Will ICON and its partners excel in their respective aims and make ICON a leading blockchain project? Do let us know your views on the same.

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Nilesh Maurya

Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Follow him on Twitter at @KoinKing1 or connect with me on linkedin.

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